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Cameron Forms Joint Venture with Newmans

Cameron has reached agreement forming a joint venture with the owners of
Newmans, whose product lines include Newco, OIC, Cooper, and Quadrosphere
branded valves and services. The joint
venture will continue operating as Newmans.

According to
Mark Cordell, President of Cameron’s Distributed Valves division, Newmans is
poised to become the industry leader in the downstream valve market. "Newmans offers the most complete line-up of
gate, globe, and check products, in addition to newer offerings of ball valves
and triple-offset butterfly valves.
Additional assets include a strong manufacturing presence in China, a
network of well-run and strategically located branches, and a growing list of
customer approvals. Most importantly, we
are drawn to the energy level, passion, and agility of the Newman’s global team
of employees.”

The team at Newmans expects to see tangible benefits through its
affiliation with Cameron. Steve Mines,
CEO of Newmans, stated "We are very excited to be affiliated with a Fortune 500
Company and the world’s leading valve manufacturer. Our team will benefit from Cameron’s strength
and expertise in the areas of strategic sourcing, manufacturing, quality, and
engineering. Their global sales presence and aftermarket services are
unparalleled.”